BPM MINERALS LIMITED — Share Issue/Capital Change 2021

Sep 13, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

BPM MINERALS LIMITED

Date of this announcement

Tuesday September 14, 2021

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Performance rights	1,275,000	14/09/2021
to be confirmed
New class - code	Unlisted options	250,000	14/09/2021
to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

BPM MINERALS LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

60644263516

1.3 ASX issuer code

BPM

1.4 The announcement is

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New announcement

1.5 Date of this announcement

14/9/2021

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code New class - code to be confirmed	+Security description Performance rights
+Security type	ISIN code
Other

Date the +securities the subject of this notification were issued 14/9/2021

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Yes	Yes
Provide details of the KMP or +associates being issued +securities.
Name of KMP	Name of registered holder	Number of +securities
Christopher Swallow	Christopher Swallow	750,000

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://www.asx.com.au/asxpdf/20210205/pdf/44sctpjb926ctq.pdf

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.asx.com.au/asxpdf/20201224/pdf/44r9r2xkxrcty6.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Issue details

	Number of +securities
	1,275,000
	ASX +security code New class - code to be confirmed		+Security description Unlisted options
	+Security type		ISIN code
	Options
	Date the +securities the subject of this notification were issued
	14/9/2021
	Will all the +securities issued in this class rank equally in all respects from their issue date?
	Yes
	Were any of the +securities issued to +key management personnel (KMP) or an +associate?
	No
	Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
	listing rule 6.1?
	No
	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
	issued.
	Options Details
	+Security currency	Exercise price	Expiry date
	AUD - Australian Dollar	AUD 0.40000000	9/9/2022
	Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
	company option
	Other
	Description

Full paid ordinary shares (ASX: BPM)

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://www.asx.com.au/asxpdf/20201224/pdf/44r9r2xkxrcty6.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

250,000

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
BPM : ORDINARY FULLY PAID	37,511,500
BPMO : OPTION EXPIRING 11-SEP-2025	21,672,202
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
BPMAA : ORDINARY FULLY PAID RESTRICTED	2,250,000
BPMAB : ORDINARY FULLY PAID RESTRICTED	9,300,000
BPMAD : OPTION EXPIRING 11-SEP-2025 RESTRICTED	13,800,001
BPMAE : OPTION EXPIRING 11-SEP-2025 RESTRICTED	2,966,310
BPMAF : PERFORMANCE SHARES	2,000,000
New class - code to be confirmed : Performance rights	1,275,000
New class - code to be confirmed : Unlisted options	250,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

13

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